9 August 2024
Better-than-expected labor market data, easing fears of a US recession. Labor data showed the number of Americans filing jobless claims reached 233,000 for the week ending August 3.
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8 August 2024
The US government sold USD 42 billion worth of 10-year government bonds on Wednesday at a higher yield than expected as demand declined. The bonds gave a 3.960% yield, 3.1 bps above the expected yield, or the at-issue rate of 3.929%, but below the highest 4.276% yield seen in the previous auction.
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7 August 2024
US central bank policymakers on Monday rejected the notion that weaker-than-expected July jobs data indicated the US economy is falling into recession, although it must be acknowledged there is an economic slowdown.
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6 August 2024
The CBOE Volatility Index, known as Wall Street's fear gauge, recorded its highest intraday spike before ending the day at 38.57 points for its highest close since October 2020.
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5 August 2024
Disappointing US employment data on Friday fueled fears of a future recession, prompting investors to sell off heavily in the stock market and turn to safe-haven bonds.
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